Daily Market Analysis
2022-08-18
Review our intraday commentary to learn how we interpret price action and build a market narrative.
Drag the blue slider to reveal the day's price action. Dots on the timeline represent comments and can be clicked. View the table below for all market-related comments and annotated charts (including those from after hours).
All Comments
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| 09:30:00 Pete | PRE-OPEN MARKET COMMENTS WEDNESDAY – Tuesday the SPY challenged major resistance at the 200-day MA and it was smacked down from that level. That should be expected on the first attempt after a 500 point S&P 500 rally in the... |
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| 10:33:00 Pete | After an hour of trading we know that this is going to be a slow day. Mixed candles, inside day, low volume. This is where most traders lack the discipline to do nothing. They force trades and die by a... |
| 10:36:00 Pete | 1OP is a flat as ever. Yes it is working. |